While the huge reserve of “black gold” (petroleum) in Wokha district remains untapped due to differences between the state government and land owners, people of this district have already started prospecting for “”white gold” or rubber. And the rush for…
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Indian market regulator imposes fine on Apollo due to non-compliance
Market regulator Sebi today imposed a fine of Rs 1.03 crore on Apollo TyresBSE -3.80 % for allegedly failing to comply with buyback regulations. The regulator, in its order, has imposed “a consolidated penalty of Rs 1.03 crore on Apollo…
Japan provides technology to produce high-quality rubber
Japan is providing state of the art technology to process raw rubber and boost local production in a bid to find a new supply for its tyre manufacturing industry. According to an MoU between the Myanmar Rubber Planters and Producers…
Vietnam Ministry of Finance plans to cut rubber export tax to zero
Vietnam Briefing reports, “In an effort to help Vietnamese companies compete in the world market, the Ministry of Finance is considering cutting the rubber export tax to zero from the current rate of one percent. On November 11, 2013, Vietnam’s…
Synthomer cuts profit perpective on strong sterling
Chemical maker Synthomer Plc said it expected full-year operating profit to be lower by about 5 million pounds ($8.5 million) due to further strengthening of sterling. Synthomer, which supplies speciality emulsion polymers used in construction, textiles, paper and latex gloves,…
Continental adds new range of bicycle tyres
Bicycle Retailer reports, “Continental has added a new line of Chinese-made tires to its offerings. The company will now have three bike tire product lines: the Premium line, which is all made in Germany; the new Performance Line, made in…
Toyo introduces new SUV tyre adopted for Ford pickup trucks
Toyo Tire & Rubber Co., Ltd. (Akira Nobuki, president) announces that the company’s Open Country A/T II (“OPAT II”) SUV tyre produced by US subsidiary Toyo Tire North America Manufacturing, Inc. (“TNA”; Jim Hawk, president) has been adopted as an…
GT Radial reveals two mass market products at Reifen 2014
GT Radial officially launched two new mass market products at Reifen 2014, the Champiro FE1 all-round premium comfort passenger car tyre and Maxmiler Pro heavy duty van tyre.rsz_gt-radial-logo The Champiro FE1, which will become one of the biggest sellers within…
Indian natural rubber imports surged despite rise in local output
The Economic Times reports, “India’s natural rubber imports in June surged 41.5 percent from a year ago to 32,550 metric tons despite a rise in local output, the state-run Rubber Board said, as a drop in global prices prompted local…
Maxxis introduces new Energtra MEco3 eco tyre
Maxxis will launch its highly anticipated Energtra MEco3 eco tyre at this month’s trade fair in Essen, Germany. The new offering will be the first passenger car tyre from Maxxis specifically designed to lower rolling resistance, fuel consumption and co2…